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Montana adopts tiered premium tax structure for captive insurers
[ad_1] Vermont continues to refine its captive insurance laws, with proposed legislation in 2025 focusing on technical corrections and clarifications related to controlled-unaffiliated risk, conversions of captive insurance companies into protected cells, parametric contracts, and confidentiality. [ad_2] Source link
Aon announces leadership transitions | Insurance Business America
[ad_1] The move supports the company’s ongoing development of its next-generation Aon Client Leadership strategy, which aims to deliver integrated solutions to help clients manage their risks. The company also named Magnus Roe as global chief data and analytics officer. He is responsible for advancing the company’s capabilities in analytics and helping clients make data-informed…
ALKEME introduces sector-focused auto sub-brand ALKEME Automotive
[ad_1] ALKEME Automotive will operate as a dedicated platform serving franchise and used car dealerships, auto repair and body shops, towing companies, rental businesses, parts manufacturers, and service centers. The sub-brand brings together agency leaders with experience in delivering specialized coverage and services within the automotive market. [ad_2] Source link
Insurance for renewables under pressure as climate risks accelerate: GCube
[ad_1] “That’s not something we can accept, forcing developers to find coverage elsewhere, often in a different market. We are seeing more engagement between lenders, insurance advisors, brokers, and developers to ensure that policies are bankable from the start. This needs to happen early in the process, ideally before construction insurance is finalised,” Luciano added….
South Carolina Supreme Court sanctions Atlas Turner, places insurance assets under receivership
[ad_1] Further, the court affirmed the appointment of a Receiver to investigate and collect Atlas Turner’s insurance assets—defined to include policies, proceeds, claims, and related information. However, it reversed a portion of the Receivership order that extended control to “any other assets which are related to, touch or are otherwise relevant to such insurance.” That…
Texas Senate approves bill on regulations regarding insurance rates changes
[ad_1] Senate Bill 1643 would mandate regulatory approval for any proposed rate adjustment, whether an increase or decrease, exceeding 10%. If the commissioner does not act within 30 days, the rate would take effect automatically, unless it involves an increase of 10% or more. [ad_2] Source link